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Jun 22, 2013
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 19, 2013
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what about the chart earliert that every time there is a big pump, push of money into the economy it is like you put the money in and the market goes up. what happens? you are saying it may not go down sharply. what happens when it goes away? >> it will bounce around a while. this activity that the fed is involved in, buying these bonds they make stocks look cheaper and people want to get in on stocks. every time the fed has done this. the fundamentals are not that bad. corporate profits are not that bad. if the fed does it right and slowly and take the drugs away in a methodical way stocks will find equilibrium again. in the interim we will have days like this where traders look and try to figure it out. it is unprecedented territory, the fed to be doing this. it is just going to be a rocky ride. there is a chance they mess it up and stocks chance. the chances of that are very slim. >> thank you very much. we will have a new fed chief because ben burn naernanke says getting out. >>> tonight outfront we have an exclusive piece of video of something that happened inside that home. it
what about the chart earliert that every time there is a big pump, push of money into the economy it is like you put the money in and the market goes up. what happens? you are saying it may not go down sharply. what happens when it goes away? >> it will bounce around a while. this activity that the fed is involved in, buying these bonds they make stocks look cheaper and people want to get in on stocks. every time the fed has done this. the fundamentals are not that bad. corporate profits...
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Jun 17, 2013
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so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r credit score. something over 700 or 720. >> reporter: a quick closing at a time also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock in for 60 days. the longer you go out, the more expensive it will be. >> reporter: ask your lender about a float down provision so your rate could be adjusted lower if rates do slip again. if you're still looking for the right house, make sure you're preapproved for a mortgage. and pay down your debt while interest rates on auto loans and credit cards are still low. >> this is a time to take
so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r...
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Jun 21, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you know that. >> i was proud of you in that moment. i watched it live on television. anderson cooper here, ladies and gentlemen. here on "new week." great way to end. we have john berman here with what he learned on the internets. anderson cooper edition. >> you were tasked with just looking stuff up. >> this is like the easiest project ever. things have gone well for me here at cnn. >> this must be a career high point for you. >> indeed, it is. >> he is stalling. don't let him stall you. >> there were 1.2 million hits of that video of you giggling. that's huge on the internet. also big, you k
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you...
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Jun 21, 2013
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look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a temper tantrum because they were -- >> a taper tantrum. >> a taper tantrum. >> absolutely. >> ben bernanke, so interesting, ben bernanke basically said we'll go on a diet some time next year and that's what got everybody so worried about a diet that hasn't started yet. just the fact that he was so clear about going on a diet is why every aen with is concerned. >> taper means the economy is improving. wall street is just kind of jittery because they're not going to be propped up any more. it's not going to hurt them in the long run if the economy is improving. >> bu
look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a...
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Jun 16, 2013
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up next, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight. riots in turkey. slowing growth in china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over
up next, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight....
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Jun 20, 2013
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this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for markets, for investors, for intere
this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for...
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Jun 18, 2013
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> our second story "outfront," held captive in ohio. so for the second time if two months we're hearing people being held captive against their will in ohio. this time, a woman and child allegedly held for two years. according to federal authorities, the disabled woman and her daughter were allegedly held in an apartment in ashland, ohio, where they were forced t
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from...
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Jun 15, 2013
06/13
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there was a little in occupy movement and they went away and went right back on their i-phones when the economy picked up again. here is a young man who is, you know, doing an act of civil disobedience and is fully expecting to take the confidence kwe kwenss no different than dr. martin luther king did. >> what is the difference do you think in the world, i'll ask tom and then go to wendy, in the world he lived in and grew up in. she mentioned dr. martin luther king. what is the difference now for someone who is a millennial to think it is okay to give away these government secrets and for this intelligence? is it something that he doesn't know about the world or something that he does know about the world because of the information age we live in? >> my opinion what i've heard him say publicly makes me think he is politically about as ignorant as anybody i've ever heard and naive. >> you think he is naive. >> extremely naive. so to think that he should save the world himself by giving up confidential information or breaking the law, you know, we have 800 thousand plus people in this country wi
there was a little in occupy movement and they went away and went right back on their i-phones when the economy picked up again. here is a young man who is, you know, doing an act of civil disobedience and is fully expecting to take the confidence kwe kwenss no different than dr. martin luther king did. >> what is the difference do you think in the world, i'll ask tom and then go to wendy, in the world he lived in and grew up in. she mentioned dr. martin luther king. what is the...
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Jun 16, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swell
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in...
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Jun 20, 2013
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the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling below $96 a barrel. the ten-year yield, interest rates are rising right now, and the overseas markets, down 1 to 3%. all but about 100 stocks are lower in the u.s. it has been a widespread reaction basically until the markets get used to the fact that the fed won't be in there forever. there are also jobless claims showing a little higher, showing not as much strength in the jobs market as you would like. that spooked people a little bit. nervous investors. also, this, carol, is the end of the quarter. it's coming up here on the end of the first half of the year, so you've got fund managers saying,
the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling...
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Jun 19, 2013
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it's pumping $85 billion a month into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7 jeeps. the automaker resisted pressure from the government waited until just the deadline, the government could have forced the recall of all of those jeeps. the jeeps in question, the 1993 to went 03 cherokees and the 2002 to 2007 jeep liberties. chrysler still maintains they are safe but will look over the vehicles -- voluntary recall to look over the vehicles and fix anything that needs to be fixed to avoid a fire. >>> the nsa snooping controversy continues, google filed a first amendment plea against the nsa. google wants to share information with the public about secret government programs. goo
it's pumping $85 billion a month into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7...
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Jun 23, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden is in russia. he got off a plane at the moscow airport a couple of hours ago, has not been seen since, could be headed to another country's embassy, could ultimately be headed to a third country to seem asylum from u.s. espionage charges. joining me now by phone is "guardian" columnist glenn greenwald who broke many of the exclusives that snowden was able to provide with the documents that he took from the nsa and has worked closely with him. glenn greenwald, good morning. >> good morning, howard. >> you've said to me and in other interviews this isn't ultimately about ed snow
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden...
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Jun 18, 2013
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who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper providers. >>> coming up, cliff rescue. two teenage boys stranded at the top of the cliff and they had no way down. we'll show you the rescue caught on camera. look at that. it's coming up next. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. >>> defending the nsa, president obama on the record about why the controversial surveillance program isn't as inv
who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper...
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Jun 19, 2013
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nobody expects they're going to stop pumping money into the economy but we know they're going to do it at some point but wall street is going to be reading between every line to get a sense of timing and nuance. rbc capital markets put it this way the markets will be looking for a distinction between applying less pressure to the gas pedal and hitting the brake. it's that balance that ben bernanke is trying to get right. and meanwhile there's speculation about who's going to succeed mr. bernanke. in an interview with charlie rose president obama said bernanke has already stayed a lot longer than he wanted or he was supposed to. ben bernanke's made no secret of the fact he wants to go home. >>> it has been 684 days since u.s. lost its top credit rating. what are we doing to get it back? there is more good news on housing. the government report shows the pace of home building rose 7%. >>> our fourth story "outfront" evidence mounting tonight against ex-mob boss james known as whitey bulger. prosecution star witness and former hit man john martorano took the stand again today. for the fir
nobody expects they're going to stop pumping money into the economy but we know they're going to do it at some point but wall street is going to be reading between every line to get a sense of timing and nuance. rbc capital markets put it this way the markets will be looking for a distinction between applying less pressure to the gas pedal and hitting the brake. it's that balance that ben bernanke is trying to get right. and meanwhile there's speculation about who's going to succeed mr....
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Jun 22, 2013
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until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition process, it may not be under way. cnn white house correspondent dan lothian joins me now. dan, what are the exact charges? >> reporter: well, he's being charged with espionage and the theft of government property. under espionage according to the complaint, edward snowden being charged for, quote, unauthorized communication of national defense information and willful communication of classified communications intelligence to an unauthorized person. now, this is all very serious. we knew that the justice department was investigating and that there could be these potential charges. this complaint, by the way, was fi
until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition...
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Jun 21, 2013
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stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in this country is going to begin opening arguments monday morning. what will happen in sanford, florida? the town where 17-year-old trayvon martin was shot and killed last february. if george zimmerman is actually acquitted? david mattingly has more. >>> team three has 15th street -- >> reporter: the clock is ticking for the sanford p.d. and its new chief. >> let's mount up, folks. let's do it. >> reporter: the george zimmerman case exposed a deep bitter divide between the city's police and african-americans. on the job now only since april, chief cecil smith -- >> we're going to walk, knock on doors. >> reporter: hop
stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in...
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Jun 18, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! [ male announcer ] new alka seltzer fruits chews. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality where over seventy-five percent of store management started as i'm the next american success story. working for a company hourly associates. there's opportunity here. i can use walmart's education benefits to get a degree, maybe work in it, or be an engineer, helping walmart conserve energy. even today, when our store does well, i
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the...
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Jun 16, 2013
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the 61-year-old moderate cleric has promised to improve iran's wilting economy and reduce unemployment, which topped 15%. in what could be a key overture to the west, he promised to reduce international tensions over iran's nuclear program. the white house says it remains ready to engage with the iranian government directly. >>> it was a violent night in istanbul, turkey. turkish security forces stormed gezi park, using water cannons and tear gas to force antigovernment protesters out of the park and into side streets. and after hours of fighting, we see this, gezi park completely clear and clean. turkish prime minister erdogan says he plans a counterdemonstration today after the antigovernment message that was sparked over the past two weeks. >>> russia is warning the u.s., enforcing a no-fly zone over syria to help rebel forces could violate international law, but the white house has not decided on establishing a no-fly zone, an idea thrown out there by some republicans. president obama's deputy national security adviser says the fighting between rebel forces and the assad regime is
the 61-year-old moderate cleric has promised to improve iran's wilting economy and reduce unemployment, which topped 15%. in what could be a key overture to the west, he promised to reduce international tensions over iran's nuclear program. the white house says it remains ready to engage with the iranian government directly. >>> it was a violent night in istanbul, turkey. turkish security forces stormed gezi park, using water cannons and tear gas to force antigovernment protesters out...
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Jun 18, 2013
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economic crisis has shown us is that we need to be able to connect and communicate with other emerging economies. this type of english-only thinking is what's going to keep our country backwards. it is a plus to be bilingual. i'm bilingual. my mother came to this country and she didn't speak english when she got here. she was able to become legalized, learn english and become a citizen. and now she's a business owner. i wouldn't be sitting here today if my mother hasn't been given the opportunity. and we're just asking for the same opportunity for everybody else. >> all right, kathy bird, thank you so much for joining us this morning. >> thank you so much, carol. >> you're welcome. >>> up next in the "newsroom" -- >> i have to believe that you were sent here for a reason. you owe it to yourself to find out what that reason is. >> the man of steel, souperman,a jesus figure? we'll talk about that next. [ female announcer ] last day, deb. checking out of the hilton shouldn't be a pity party. your next trip is calling. saying, "deb, find a view for two at a conrad." or "make room for more at an emba
economic crisis has shown us is that we need to be able to connect and communicate with other emerging economies. this type of english-only thinking is what's going to keep our country backwards. it is a plus to be bilingual. i'm bilingual. my mother came to this country and she didn't speak english when she got here. she was able to become legalized, learn english and become a citizen. and now she's a business owner. i wouldn't be sitting here today if my mother hasn't been given the...
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Jun 19, 2013
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bernanke addressed how the fed might eventually cut back on the $85 billion in stimulus it pumps into the economy each month. but bernanke says for now, the massive bond purchases will continue. we're hearing from brazil that a hike in bus fares from sao paolo has been repealed. the city's mayor and governor of the state made the announcement a short time ago. demonstrations against the hike rockeded city, bringing thousands of people into the streets. and sparking calls for social justice. >>> the group mayors against illegal guns is apologizing for including the name of boston bombing suspect, tamerlan tsarnaev, in a list of gun violence victims, it was read at an event marking six months since the massacre at sandy hook elementary school. the group partially funded by new york city mayor michael bloomberg said it was using a list compiled by slate.com of people killed by guns since the december shooting. >>> now you've probably seen one of his many commercials over the decades, see if you recognize this man. >> you're going to like the way you look. i guarantee it. >> that's george zimmer, co-
bernanke addressed how the fed might eventually cut back on the $85 billion in stimulus it pumps into the economy each month. but bernanke says for now, the massive bond purchases will continue. we're hearing from brazil that a hike in bus fares from sao paolo has been repealed. the city's mayor and governor of the state made the announcement a short time ago. demonstrations against the hike rockeded city, bringing thousands of people into the streets. and sparking calls for social justice....
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Jun 20, 2013
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. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. >>> a stunning turnaround for general motors for the first time j.d. power and associates says gm is the car company with the best quality. all four gm brands were ranked above the industry average. gm filed for bankruptcy back in 2009 so this is a milestone for general motors. >>> a faster version of wifi is on the way t will allow to you transfer, imagine this, a high definition movie to a tablet in less than four minutes. the samsung galaxy s4 and routers from cisco will be among the first to use this new high speed wifi. apple says its future products will use the faster network, full movie,
. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would...
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Jun 22, 2013
06/13
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put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
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Jun 18, 2013
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> the fed meets today and tomorrow and ben bernanke intends to pull back on the stimulus giving the economy. your 401(k) and your money depend on that guy right there. stay tuned. >>> chrysler has until midnight to decide whether it will recall 2.7 million jeeps. the government asked them to recall because of problems in the fuel tank that could cause a fire in rear end crashes. chrysler says we're not going to. tonight is the deadline. if chrysler does not agree to the recall the government then has to have public hearings and they can try this involuntary recall route and eventually has to take chrysler to court. >> can you explain that to me briefly. why is that a good pr move? is it a financial move? sounds bad. >> some watchdogs say it would be millions of dlafrz for them to have to recall all of these things, some of these model years are a little bit older but chrysler is determined not to recall these jeeps. they say that if there's a crash it's because the speed of the crash, not the design of the fuel tank. the government disagrees. >> that's the key. christine just told you they
> the fed meets today and tomorrow and ben bernanke intends to pull back on the stimulus giving the economy. your 401(k) and your money depend on that guy right there. stay tuned. >>> chrysler has until midnight to decide whether it will recall 2.7 million jeeps. the government asked them to recall because of problems in the fuel tank that could cause a fire in rear end crashes. chrysler says we're not going to. tonight is the deadline. if chrysler does not agree to the recall the...